1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has temporarily stabilized this week, with a price of 2725.00 yuan/ton. On August 7th, the potassium chloride (imported) commodity index was 85.08, a decrease of 1.43 points from yesterday, a decrease of 51.27% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 46.06% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

The prices of mainstream domestic potassium chloride distributors are temporarily stable this week. The arrival price of 60% white potassium in Qinghai is around 2300 yuan/ton, and the self raised price of 62% white potassium in ports is around 2500 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2600-2700 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2200-2300 yuan/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate continued to decline this week, dropping from 7340.00 yuan/ton at the beginning of the week to 7220.00 yuan/ton at the weekend, a decrease of 1.63%. The weekend price fell by 26.14% year-on-year. The market price of potassium nitrate slightly decreased this week, dropping from 5525.00 yuan/ton at the beginning of the week to 5400.00 yuan/ton at the weekend, a decrease of 2.26%. The weekend price fell by 23.40% year-on-year. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers’ demand for potassium chloride has weakened.

3、 Future Market Forecast

In mid August, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.